Added to YB: 2026-08-10
Pitch date: 2026-08-07
ENB [bullish]
Enbridge Inc.
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
Market Cap
CAD 158.1B
Pitch Price
N/A
Price Target
N/A
Dividend
5.36%
EV/EBITDA
14.25
P/E
27.95
EV/Sales
3.34
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Enbridge Inc. (TSX/NYSE: ENB)
ENB: Regulated toll road moving 30% NA crude, 20% US gas; 98% EBITDA from cost-of-service/take-or-pay, negligible commodity exposure. 31yr dividend growth, 20yr guidance record. EV C$278B vs C$460-750B replacement cost; irreplaceable Mainline. ~14x EV/EBITDA (below 15x median), 5% yield. C$41B secured backlog, gas/LNG/datacenter tailwinds. Risks: 2028 Mainline reset, 5.1x leverage, electrification. Fairly priced, downside-protected compounder.
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